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503 Rasa Dr San Antonio, TX 78227

3 Beds 2 Baths 1,049 sqft Built 1976

$110,000

List Price

$1,000

$900 - $1.1K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $104.86
  • 3 Days on Market
  • MLS # : 1499360
  • Updated Date : 12/11/2020 at 23:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,049 sqft
  • Baths : 1 full , 1 half
Listing Agent

Phyllis Browning Company

Listing Agent's Description

Great investment opportunity with recent roof on large corner lot. *Nearby community center with multi sports courts, ball park and shaded playground. Near 410 and Hwy 90. *2nd car garage, side entry.

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MARKET HIGHLIGHTS

  • San Antonio metro economy is worth $130 billion in Gross Metro Product and projected to grow to $136 billion in 2019 (USMayors.org, 2018)
  • Five Fortune 500 companies are headquartered in San Antonio: Valero Energy; Tesoro; United Services Automobile Association (USAA); CST Brands; and iHeart Media (Formerly CC Media Holdings).
  • The metro employment growth is at 2.3 per cent and predicted to be at 2.2% in 2019 (USMayors.org, 2018)
  • San Antonio metro has 60.7 percent labor force participation rate (USMayors.org, 2018)
  • The metro contributes to 7.2 percent of Texas state economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Rainbow Hills

NeighborhoodNIR Market*CityMarket2010Year2000201970k80k90k100k110k120k130k140k150k160k170k180k190k200kPrice in $62k204k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Rainbow Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6261456

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Glenn Elementary School Primary Regular 682 46 4
Rayburn Middle School Middle Regular 978 73 4
John Jay High School High Regular 2,929 182 3

Glenn Elementary School

  • Education Level: Primary
  • # of students: 682
  • # of teachers: 46
4
GreatSchools Rating

Rayburn Middle School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 73
4
GreatSchools Rating

John Jay High School

  • Education Level: High
  • # of students: 2,929
  • # of teachers: 182
3
GreatSchools Rating
 

$99,000$121,000$110,000

PURCHASE PRICE

$900$1,100$1,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,000
EXPENSES Loan Payment -$406
Property Tax -$276
Property Insurance -$88
Property Management Fees -$99
CASH FLOW
$132

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$110,000

PROJECTED PRICE

$1,000

PROJECTED RENT

0.91%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.31%
Appreciation Year (1-5) 10.0%
Maintenance Year (1-5) 8.00%
Vacancy 9.54%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k

PROJECTED ANNUAL CASH FLOW

11530-$1.0k$0.0$1.0k$2.0k$3.0k$4.0k$5.0k$6.0k$7.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$34,900

INVESTMENT

$34,900

Down Payment
$27,500
Rehab Estimate
$5,750
Closing Costs
$1,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$406

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $27,500
Loan Amount $82,500
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$12,322

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,000

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,018

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$995
1$9952$1,0003$1,0504$1,2505$1,275
$1,275
RENT COMPS ANALYSIS
  • 503 Rasa Dr San Antonio, TX 2
    • 3 beds 2 baths ∙ 1,049 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,049 Sqft ∙ Built 1976
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.95
    •  
  • 414 Scotty Dr San Antonio, TX 1
    • 3 beds 2 baths ∙ 1,146 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,146 Sqft ∙ Built 1967
    property image
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.87
    •  
  • 530 Merritt St San Antonio, TX 3
    • 3 beds 2 baths ∙ 1,085 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,085 Sqft ∙ Built 1972
    property image
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.97
    •  
  • 9402 Nashville San Antonio, TX 4
    • 4 beds 2 baths ∙ 1,240 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,240 Sqft ∙ Built 1973
    property image
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.01
    •  
  • 9130 Mobile Bay St San Antonio, TX 5
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1972
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.03
    •  
PROPERTY LISTING DETAILS
Norma Mcclelland
1.210.912.3090
Phyllis Browning Company
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
San Antonio Board of Realtors ( SABOR)
MLS #: 1499360
Last Updated: 12/11/2020
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